Atlatsa Shareholders Approve Restructure Plan

JOHANNESBURG, South Africa, July 2, 2013 /PRNewswire/ - The shareholders of
Atlatsa Resources Corporation (JSE, TSX, NYSE: MKT: ATL) confirmed their
support for the Company's revised restructure plan on Friday, 28 June
2013 by approving all resolutions proposed at the Company's special
general meeting.

The key resolutions approved by shareholders were as follows:

For the Company to dispose of 31.4 million attributable PGM* ounces,
comprising the eastern section of the Ga-Phasha mineral property to
Anglo American Platinum Corporation (Anglo Platinum) for ZAR1.7 billion
(US$171 million), with the western section of Ga-Phasha being
consolidated into the broader Bokoni mine lease area, where open cast
mining operations on the Merensky reef have commenced.

To approve the issue of 125 million new Atlatsa common shares to Anglo
Platinum for an aggregate cash subscription consideration of ZAR750
million (US$76 million) or ZAR6 per share (US$60 cps).

For the Company to utilise the proceeds from the asset sale and new
share subscription to reduce its historical debt by 75%. The Company
will have access to a new debt draw-down facility from Anglo Platinum
of up to a maximum aggregate amount of ZAR1.55 billion (US$156 million)
at a weighted average effective interest rate of 2% per annum through
to 2020.

Chief Commercial Officer, Joel Kesler, said: "This is an important step
forward for the Company which allows us to significantly reshape our
balance sheet and place us on a sound financial footing to deliver into
our operational strategy through to 2020 on a fully-financed basis.

*PGM consists of platinum, palladium, rhodium and gold.

"This, together with continuous operational improvements at Bokoni
Platinum Mine, places us in an advantageous position to continue
reducing unit operating costs and improve both mine and the Company's
financial position and performance going forward."

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
The NYSE Amex has neither approved nor disapproved the contents of this
press release.

Cautionary and forward-looking information

This document contains "forward-looking statements" that were based on
Atlatsa's expectations, estimates and projections as of the dates as of
which those statements were made, including statements relating to the
Bokoni Group restructure and refinancing and anticipated financial or
operational performance. Generally, these forward-looking statements
can be identified by the use of forward-looking terminology such as
"may", "will", "outlook", "anticipate", "project", "target", "believe",
"estimate", "expect", "intend", "should" and similar expressions.

Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the Company's actual
results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking statements. These include but are not limited to:

uncertainties related to the completion of the Bokoni Group restructure
and refinancing;

uncertainties and costs related to the Company's exploration and
development activities, such as those associated with determining
whether mineral resources or reserves exist on a property;

uncertainties related to feasibility studies that provide estimates of
expected or anticipated costs, expenditures and economic returns from a
mining project;

uncertainties related to expected production rates, timing of production
and the cash and total costs of production and milling;

uncertainties related to the ability to obtain necessary licenses,
permits, electricity, surface rights and title for development
projects;

operating and technical difficulties in connection with mining
development activities;

uncertainties related to the accuracy of our mineral reserve and mineral
resource estimates and our estimates of future production and future
cash and total costs of production, and the geotechnical or
hydrogeological nature of ore deposits, and diminishing quantities or
grades of mineral reserves;

expected effective future tax rates in jurisdictions in which our
operations are located;

the protection of the health and safety of mine workers; and

mineral rights ownership in countries where our mineral deposits are
located, including the effect of the Mineral and Petroleum Resources
Development Act (South Africa);

changes in general economic conditions, the financial markets and in the
demand and market price for gold, copper and other minerals and
commodities, such as diesel fuel, coal, petroleum coke, steel,
concrete, electricity and other forms of energy, mining equipment, and
fluctuations in exchange rates, particularly with respect to the value
of the U.S. dollar, Canadian dollar and South African rand;

unusual or unexpected formation, cave-ins, flooding, pressures, and
precious metals losses (and the risk of inadequate insurance or
inability to obtain insurance to cover these risks);

changes in accounting policies and methods we use to report our
financial condition, including uncertainties associated with critical
accounting assumptions and estimates; environmental issues and
liabilities associated with mining including processing and stock
piling ore;

geopolitical uncertainty and political and economic instability in
countries which we operate; and

labour strikes, work stoppages, or other interruptions to, or
difficulties in, the employment of labour in markets in which we
operate mines, or environmental hazards, industrial accidents or other
events or occurrences, including third party interference that
interrupt the production of minerals in our mines.

For further information on Atlatsa, investors should review the
Company's annual Form 40-F filing with the United States Securities and
Exchange Commission www.sec.gov and annual information form for the year ended December 31, 2012 and
other disclosure documents that are available on SEDAR at www.sedar.com.